Page 7 - Ipo India

Trust Fintech SME IPO opens today: Check GMP, anchor issue & other details

Trust Fintech has raised Rs 18.05 crore from allocating nearly 1.8 million shares at Rs 101 to anchor investors ahead of the IPO

Creative Graphics Solutions India's Rs 54 cr IPO to open on March 28

Integrated packaging ecosystem player Creative Graphics Solutions India Ltd on Friday said its Rs 54.4-crore initial share-sale will open for public subscription on March 28. The public issue will conclude on April 4 and the bidding for anchor investors will open for a day on March 27, the company said in a statement. After the completion of the Initial Public Offering (IPO), shares of the company will be listed on the NSE's Emerge -- a platform for small and medium enterprises. The Noida-based company's IPO comprises a fresh issue of 64 lakh equity shares worth Rs 54.4 crore at the upper end of the market. The price band for the issue has been fixed at Rs 80-85 per share. Proceeds from the IPO will be used to meet working capital requirements of the company, repay debt, support working capital expenditure, fund inorganic growth through unidentified acquisition and general corporate expenses. Creative Graphics specialises in manufacturing flexographic printing plates and serves it

Krystal Integrated Services IPO subscribed 70% on second day of offer

The initial public offer of facility management and security services provider Krystal Integrated Services received 70 per cent subscription on the second of bidding on Friday. The initial share sale got bids for 21,00,940 shares against 29,99,448 shares on offer, as per NSE data. The portion for non-institutional investors got subscribed 1.15 times, while the category for Retail Individual Investors (RIIs) received 58 per cent subscription. The quota for Qualified Institutional Buyers (QIBs) fetched 57 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 175 crore and an offer-for-sale of up to 1,750,000 equity shares. The initial share sale is priced in the range of Rs 680-715 a share. Krystal Integrated Services has mopped up over Rs 90 crore from anchor investors. The company began operations in 2000 as a private security staff provider and from 2005 entered the facility management segment. Around 70 per cent of its facility management business

JG Chemicals makes weak market debut following IPO, shares decline 17%

Shares of JG Chemicals Ltd on Wednesday ended with a discount of nearly 17 per cent against the issue price of Rs 221. The stock made its debut at Rs 211, lower by 4.52 per cent, from the issue price on the BSE. During the day, it tanked 18 per cent to Rs 181.20. Shares of the company ended at Rs 184.65, down 16.44 per cent. At the NSE, shares of the company listed at Rs 209, a discount of 5.42 per cent. It ended at Rs 183.70, lower by 16.87 per cent. The company's market valuation stood at Rs 723.57 crore. In the broader equity market, the 30-share BSE Sensex ended 906.07 points lower at 72,761.89, while the Nifty declined 338 points to 21,997.70. The Initial Public Offer (IPO) of JG Chemicals was subscribed 27.78 times on the final day of bidding on Thursday. The Rs 251.2 crore IPO was in a price range of Rs 210-221 a share. The zinc oxide manufacturer's initial public offer had a fresh issue of shares of up to Rs 165 crore and an offer for sale of up to 39 lakh shares. The .

JG Chemicals' Rs 251.2 crore IPO subscribed 6.39 times on Day 2 of offer

The initial share sale of JG Chemicals received 6.39 times subscription on the second day of bidding on Wednesday. The Rs 251.2 crore-initial public offer received bids for 5,21,75,446 shares against 81,68,714 shares on offer, according to data available with the NSE. The quota for non-institutional investors fetched 9.63 times subscription while the Retail Individual Investors (RIIs) part got subscribed 8.30 times. The category for Qualified Institutional Buyers (QIBs) received 45 per cent subscription. The zinc oxide manufacturer's Initial Public Offer (IPO) has a fresh issue of up to Rs 165 crore and an offer-for-sale of up to 39 lakh equity shares. Its price range is fixed at Rs 210-221 a share. JG Chemicals on Monday said it has collected over Rs 75 crore from anchor investors. Proceeds from the fresh issue to the tune of Rs 91 crore will be utilised for investing in JG Chemicals' material subsidiary BDJ Oxides and Rs 35 crore will be used for funding the long-term working .

On road to IPO, Udaan saw sales of over 2.25 billion products in 2023

1,500 sellers reach Rs 1 cr in transactions on eB2B platform

CIEL Group acquires strategic stake in Courseplay, plans IPO in FY25

HR solutions provider says acquisition will help it expand business abroad

Ather Energy picks HSBC, JPMorgan, Nomura, Indian banks to arrange its IPO

Tarun Mehta and Swapnil Jain founded Ather in 2013 after graduating from the Indian Institute of Technology Madras

Mukka Proteins IPO receives 136.89 times subscription on last day of offer

The initial share sale of Mukka Proteins, which manufactures fish meal, fish oil and fish soluble paste, received 136.89 times subscription on the last day of bidding on Monday. The Rs 224 crore-Initial Public Offer (IPO) got bids for 7,66,57,65,155 shares against 5,60,00,435 shares on offer, according to data available with the NSE. The portion for non-institutional investors got subscribed 250.26 times, while the portion for Qualified Institutional Buyers (QIBs) received 189.28 times subscription. The quota for Retail Individual Investors (RIIs) fetched 58.36 times subscription. The company fixed the price band at Rs 26-28 a share for the IPO. The issue was entirely a fresh issue with no Offer For Sale (OFS) component. Mukka Proteins on Wednesday raised a little over Rs 67 crore from anchor investors. Of the total proceeds, Rs 120 crore will be used towards working capital requirements and up to Rs 10 crore for investment in its associate, Ento Proteins, for funding its working

Healthtech unicorn Pristyn Care lays off 120 employees, eyes profitability

This is the second time the firm has laid off employees. Pristyn had, in March last year, reportedly laid off 45 employees due to poor performance

Bharat Highways InvIT's Rs 2,500 crore IPO fully subscribed on day two

The Initial Public Offer (IPO) of Bharat Highways InvIT got fully subscribed on the second day of bidding on Thursday. The IPO received bids for 10,57,27,500 units against 10,30,12,800 units on offer, translating into 1.03 times subscription, according to data available with the NSE. The category for other investors received 2.24 times subscription and the quota for institutional investors got subscribed 2 per cent. The initial public offer aggregating up to Rs 2,500 crore is in a price range of Rs 98-100 per unit. Bharat Highways InvIT on Tuesday said it collected Rs 826 crore from anchor investors. Proceeds from the issue will be utilised to provide loans to the project SPVs (Special Purpose Vehicles) for repayment of their outstanding loans. Bharat Highways InvIT is an infrastructure investment trust established to acquire, manage, and invest in a portfolio of infrastructure assets in India. Its initial portfolio consists of seven road assets, all operating on HAM (Hybrid Ann

Platinum Industries' Rs 235 crore IPO subscribed 98.99 times on closing day

Platinum Industries' initial public offering got subscribed 98.99 times on the closing day of subscription on Thursday. The Rs 235 crore-initial share sale received bids for 95,35,53,843 shares against 96,32,988 units on offer, according to NSE data. The portion for Qualified Institutional Buyers (QIBs) got 151 times subscription, while the quota for non institutional investors received 141.80 times subscription. The part for Retail Individual Investors (RIIs) got subscribed 50.92 times. The Initial Public Offer (IPO) had a fresh issue of up to 1,37,61,225 equity shares. It had a price range of Rs 162-171 a share. Platinum Industries mobilised over Rs 70 crore from anchor investors. It is a multi-product company engaged in the business of manufacturing stabilisers. Unistone Capital was the manager to the offer.

Mukka Proteins Rs 224 crore IPO subscribed 2.47 times on Day 1 of offer

The initial public offer of Mukka Proteins, which manufactures fish meal, fish oil and fish soluble paste, was subscribed 2.47 times on the first day of bidding on Thursday. The Rs 224 crore-initial share sale received bids for 13,81,99,060 shares against 5,60,00,435 shares on offer, as per NSE data. The Retail Individual Investors (RIIs) part fetched 3.69 times subscription, while the quota for non institutional investors got subscribed 1.55 times and the portion for Qualified Institutional Buyers (QIBs) received 1.01 times subscription. The Initial Public Offer (IPO) of up to 8 crore equity shares is in price range of Rs 26-28 a share. The issue is entirely a fresh issue with no Offer For Sale (OFS) component. Mukka Proteins on Wednesday raised a little over Rs 67 crore from anchor investors. Of the total proceeds, Rs 120 crore will be used towards working capital requirements and up to Rs 10 crore for investment in its associate, Ento Proteins, for funding its working capital .

RK Swamy to launch Rs 173 cr IPO, OFS of 8.7 mn equity shares on Mar 4

Integrated marketing services firm RK Swamy Ltd is set to float its initial public offering on March 4. The initial share sale will conclude on March 6 and the bidding for anchor investors will open for a day on March 1, according to the Red Herring Prospectus (RHP). The company's proposed Initial Public Offering (IPO) comprises a fresh issue of shares aggregating up to Rs 173 crore and an Offer For Sale (OFS) of up to 87 lakh equity shares by selling shareholders, according to the Draft Red Herring Prospectus (DRHP). Those offering shares in the OFS are Srinivasan K Swamy, Narasimhan Krishnaswamy, Evanston Pioneer Fund L.P, and Prem Marketing Ventures LLP. RK Swamy Ltd. Funds raised through the fresh issue would be used for setting up a digital video content production studio, establishing new customer experience centres and computer-aided telephonic interview centres as well as for general corporate purposes. Also, funds would be utilised for investment in the IT infrastructure

GPT Healthcare's Rs 525 cr IPO gets 85% subscription on second day of offer

The initial share sale of GPT Healthcare Ltd, which operates and manages mid-sized multi-specialty hospitals under the ILS Hospitals brand, received 85 per cent subscription on the second day of the offer on Friday. The Initial Public Offering (IPO) received 1,67,51,920 bids for shares against 1,97,63,327 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) got subscribed 1.24 times, while the quota for non-institutional investors received 79 per cent subscription. The portion for Qualified Institutional Buyers (QIBs) received 19 per cent subscription. On Wednesday, GPT Healthcare Ltd said it has collected Rs 157.54 crore from anchor investors. The Rs 525 crore IPO is a combination of a fresh issue of equity shares aggregating to Rs 40 crore and an Offer For Sale (OFS) of up to 2.6 crore equity shares by private equity firm BanyanTree Growth Capital II. BanyanTree, which holds 2.6 crore shares, or 32.64 per cent stake, in Kolkata-based GPT Healthca

Agilus Diagnostics to withdraw DRHP filed with market regulator Sebi

The company added that making the necessary application to Sebi for withdrawal of the said DRHP immediately and may re-file with Sebi again for a proposed IPO in future

Alpex Solar IPO to open on Feb 8, sets price band at Rs 109-115/share

Solar energy solutions provider Alpex Solar Ltd on Monday said it has fixed a price band of Rs 109-115 apiece for its Rs 75-crore initial public offering (IPO). The issue will open for public subscription on February 8 and conclude on February 12. The bidding for anchor investors will open for a day on February 7, the Greater Noida-based company said in a statement. The maiden public issue comprises a fresh issue of 64.8 lakh equity shares. At the upper end of the price band, the company aims to mobilise Rs 74.52 crore. Of the IPO proceeds, Alpex plans to utilise Rs 19.55 crore to upgrade and expand its solar module manufacturing facility and increase its capacity from 450 MW to 1.2 GW. Further, Rs 12.94 crore will be used to set up a new manufacturing unit for its solar modules' aluminium frame; Rs 20.49 crore to meet its working capital requirements and the remaining for general corporate expenses. Post the completion of the issue, shares of the company will be listed on the NSE

Blackstone-backed Aadhar Housing files Rs 5,000 cr IPO papers with Sebi

Aadhar Housing Finance Ltd, which is backed by private equity major Blackstone, has filed preliminary papers with capital markets regulator Sebi to raise Rs 5,000 crore through an Initial Public Offering (IPO). The IPO is a combination of a fresh issue of equity shares worth Rs 1,000 crore and an offer-for-sale (OFS) of Rs 4,000 crore by promoter BCP Topco VII Pte Ltd, an affiliate of Blackstone Group Inc, according to the Draft Red Herring Prospectus (DRHP) filed on Wednesday. Currently, BCP Topco holds a 98.72 per cent stake in Aadhar Housing Finance. The company proposes to utilise the proceeds from the fresh issue to the tune of Rs 750 crore for meeting future capital requirements towards onward lending and a portion will also be used for general corporate purposes. Aadhar Housing Finance offers a range of mortgage-related loan products, including loans for residential property purchase and construction; home improvement and extension loans; and loans for commercial property ..

BLS E-Services IPO fully subscribed within minutes of subscription opening

The Initial Public Offering (IPO) of BLS E-Services Ltd was fully subscribed within minutes of opening for subscription on Tuesday. The Rs 311-crore IPO received bids for 5,83,39,440 shares against 1,37,02,904 shares on offer, translating into 4.26 times subscription, as per NSE data till 11:57 hours. The quota for Retail Individual Investors (RIIs) fetched 14.21 times subscription, while the category for non-institutional investors got subscribed 4.71 times. The portion for Qualified Institutional Buyers (QIBs) received 2.04 times subscription. The initial public offering has a fresh issue of up to 2,30,30,000 equity shares. It has a price range of Rs 129-135 a share. BLS E-Services Ltd on Monday mobilised Rs 126 crore from anchor investors. The company proposes to utilise net proceeds from the fresh issue to strengthen its technology infrastructure to develop new capabilities and consolidate its existing platforms, among others. The money will also be used to fund initiatives f

India's IPO market one of the busiest in world but it is also broken

It's the regulator's job to ensure that companies with reasonably solid prospects come to public markets and offer stock at a price that allows long-term wealth creation